Eureka Road 23000, Taylor, MI, 48180, US

Southland Center

Asset Description

Southland Center (the “Property” or “Mall”) is a single-level (JCP and Macy’s are both two-level), super-regional mall located at 23000 Eureka Road, Taylor, MI 48180. The Property is situated on approximately 71.1 acres, 68.3 of which are owned. Total GLA at the Property is 903,876, which includes JCPenney (215,787 SF, owned), Macy’s (292,377 SF, non-owned), Cinemark (49,952 SF, 12 screens, owned) and Best Buy (45,000 SF, owned). The Property also features a high performing BJ’s Restaurant and Brewhouse outparcel (7,547 SF, owned).

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Attributes

Building area net

56,777 m²

Year built

1970

Media

Investment Highlights

#3 MOST VISITED SHOPPING CENTER IN MICHIGAN-

Enjoys an exceptional competitive position in the trade area, ranking 3rd in the state.

MAJORITY SITE CONTROL

With the exception of Macy’s, which is separately owned, prospective purchasers control the entirety of the site which may facilitate any potential redevelopment and/or releasing strategy.

STRONG OCCUPANCY

Currently 94.8% occupied overall, with a small shop occupancy of approximately 87.8%. Notably, the Property has consistently enjoyed an overall occupancy of 95%+ since 2015, reflecting the mall’s strong competitive position within the market.

EXCELLENT LOCATION

Southland Center is the dominant shopping destination for the southern Detroit suburbs and Downriver communities.

HIGH DENSITY TRADE AREA

The Property benefits from a heavily populated trade area with nearly 1.2 million residents within a 15-mile radius.